| Show GREAT BRITAIN TO INSIST THAT THAI NATIONS BEGIN TO PAY ON T THEIR WAR NAR DEBTS I nYA BY A GG G I It Greatest Ot ial ul editor I Special Copyright 19 1925 1 25 5 by Tre Tle Consoli Consolidated dated Press Association In In vl vies of the controversy over war debts the position pollion Great Britain III Mill take at the I or of allied finance mInisters minister In I Paris next Monday I II IM the llie subject of much speculation A G Gar Gar- Gardiner Gardiner Gar I diner says say BritaIn will Insist on payment of an amount sufficient I to cover the nations nation's nation to America to i-to I e s also that Mr Churchill will discuss with an open mind th the Amer Amor- American ican claims under the Bases D Dav cs l which th the British have held beld were ero forfeited foil fail fail failure ure tire to ratify tho the Versailles treaty LONDON LQ DOX Jan The Tho 3 Th now new 3 oar ear opens s 1 with ith the tho political orld absorbed In the lh Question of debts debt I rho American franco episode Ion on the subject h has created cr enor- enor enormous enor enormous Interest here and the th I enor-I atti- atti attitude atti attitude tude taken by Is 18 ap- ap proved up-proved In all r It Is agreed that this has s ha brought the 11 matter n out of clouds of evasion do don n to the bedrock question I Doe DOCK France Intend to Lonor her debts to the allies And It clears the decks foi tOI the confer confer- ence conter-ence once to open Honda at Paris at which Winston stilt It represent the lh British Interests It la is I understood that Mr Churchill will sill have havo no new pro pre proposal to make mke J Iho he position lion tion has ha been defined and andI andis andIs I is not likely to bo modified rest reat t Britain originally was pro pre pre prepared pared for the Iho th cancellation of the war Wr debts but that Is I Her present position tue thus Ihus She Sho h has ha lent two IIVo pounds sterling to ncr shieS and has ha borrowed roughly one billion pound pounds of America On I this three billion she h is s l n an Interest of ot million pounds annulI I In an income tax of or two tuO o on a 0 pound tOT SOT OT IG She Is interest and reo re- redemption r money to hr h r creditor nation but she he h has not roc received a penny from her debtor nations nation It If the tho th latter had paid In full foil England would b be r ln col r led lUO- pounds is recognized os as a and Is prepared lo to cut by two thirds the allies alII Indebted indebted- indebtedness Indebtedness ness but she cannot forego the tho remainIng third to cover her ber own indebtedness i to America was rod not on her Ilor 0 own n bo- bo be behalf half halt but on behalf of her hr Euro iuro- European European peso allIe allies ailles It ts is I estimated that the 1110 he pay pay- payments payments ments by to America should be b met by contributIons of often often ten tn million pounds from front Ger Ocr German man man many and ind 26 25 6 million from the allies ito Iso party In th the country I is prepared to consider as an ani modification I cuon cation of oC o these the thes gener generate terms Thick still would leave the Brit Brit- Ish taxpayers aYers carrying a i net an- an annual an annual nual burden of more fian t GO CO pounds sterling In respect to the thc none mono loaned the allie allies In reply to the suggestion of H f Clement l the thc mm- mm min minister later ister of that thai the bear the tho debts according to their capacity to pa pai It I Is pointed put that If It France imposed taxation on the th scale of British taxation her capacity to meet moot a r ble proportion of o her liabilities would not bo be doubted and tho the posItion of the franc would be much less S ROOT 01 or The ral reIL root of ot the tha lb is 19 I the tho failure of the h Frell-h states states- statesmen statesmen I Imen men to clear the tho public mind ot the tho French people of Its illusionS and to Insist on the cod eod facts that borrow borro Inc Ing Is a fital substitute tuf tute tub for tor taxation In tl- tl finance fi finance nance nanee and that In the od old public credit Is la the tho only guarantee of private wealth Not long Ions ago aro an n eminent French stales statesman man sits wa asked j ked by hi his British hostess W hen silt III willou ou S ou French statesmen tall your our people the tho th truth troth replied He H shrugged hi his shoulders and andI I Jamal Jamale Never I In that Incident ot Is la the tho clue to 10 the present situation In iii Franco s 5 most mot and pa- pa pa patient tient allies find flud hid com corn compelled compelled to say 8 s 1 what hat thy ought not to be bo required to say and to to point out that n a which does not oot recognize Its lis debts can can- cannot cannot can cannot not look for further cr lIt lItA A 4 OPI Oiin HD One On of ot the th Important questions ot of the Pari Paris cont will sill be betho bethe the tho validity of the tho American rights right under tho tile Dane Da 08 scheme The legal leeal t low here her I li mat Amer Amer- America's leas ica's failure to ratify the tile Vcr Vcr- sallies treaty In her claims but Is goIng prepared to 10 the matter with stith an open mind At the Spi conference In 1920 the tho distribution of ot To 0 fixed on an a a r ed pan scale seale and A America morle was sac not In- In Included In Included eluded among the beneficiaries nor did rhe the iho enter any ny claim Under the tho th Dawes Dawe scheme the th scale cale fixed at t Spa has ha hn been pro pre pre served end and It If th the n Amerl claim now Iut put forward for I Is c that scale seale will sill need neld ito to be modi modi- modified modified fied At present Crance h has hs re- re received re received 5 51 2 per cent England 22 2 arid ti th tire i ret rest of ot the th Juro European ean allies ollio the th balance The Tho Th pr that the Iho ican claim has hoo ha ben bien ad- ad advanced advanced ad advanced I primarily as na a 0 b raining counter In to the debt problem an as a whole |
